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According to the Real Business Cycle Theory, Technological Advances

Question 244

Multiple Choice

According to the real business cycle theory, technological advances


A) increase the marginal product of labor, which causes real wages and output to decline.
B) decrease the marginal product of labor, which causes real wages and output to increase.
C) increase the marginal product of labor, which causes real wages to increase and output to decline.
D) increase the marginal product of labor, which causes real wages and output to increase.

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